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Proshares UltraShort QQQ (QID) - ETF


Charts and data are derived from prices adjusted for both splits and distributions to emphasize total return.

ETF Symbol:
Avg Vol2m
52 wk High40.21
52 wk Low22.07
Inception:Jul 2006
(as of 2017-01-18)
Total Returns:
1 day-0.4%
5 day-0.8%
1 month-4.8%
3 month-11.2%
6 month-19.4%
9 month-23.4%
1 year-38.3%
Compare Funds:
Correlated Group: Technology (View cGroup) (All Groups)


Correlated Funds

Most Directly Correlated
ProShares UltraPro Short QQQSQQQ1.00  
ProShares Short QQQPSQ1.00  
Direxion Technology Bear 3X SharesTECS0.96  
Proshares UltraShort S&P500SDS0.84  
ProShares Short S&P 500SH0.84  
Direxion S&P 500 Bear 3X SharesSPXS0.84  
ProShares UltraPro Short S&P 500SPXU0.84  
VelocityShares Long VIX Short Term ETN VIIX0.79  
ProShares VIX Short-Term Futures ETF VIXY0.78  
ProShares Ultra VIX Short-Term Futures ETFUVXY0.78  
Least Correlated
CurrencyShares Swiss FrancFXF0.02  
Schwab Short-Term U.S. Treasury ETFSCHO0.02  
iPath US Treasury Steepener ETN STPP0.01  
Bitcoin Invest Trust ETFGBTC0.01  
PIMCO 1-3 Year US Treasury Index ETFTUZ0.01  
SPDR Barclays Capital Short Term Corp BdSCPB0.01  
CurrencyShares British PoundFXB-0.00  
SPDR Barclays Capital Intl Corp Bond ETFIBND-0.01  
iPath DJ AIG Livestock ETNCOW-0.02  
Guggenheim BulletShares 2021 Corp Bd ETFBSCL-0.02  
Most Inversely Correlated
Fidelity MSCI Information TechFTEC-0.95  
Vanguard Mega Cap 300 Gr Index ETFMGK-0.96  
Vanguard Information TechnologyVGT-0.96  
Select Sector SPDR Fund - TechnologyXLK-0.96  
iShares S&P Technology Index FundIGM-0.96  
Direxion Technology Bull 3X SharesTECL-0.96  
iShares US TechnologyIYW-0.96  
ProShares UltraPro QQQTQQQ-1.00  
PowerShares QQQQQQ-1.00  
ProShares Ultra QQQQLD-1.00  
These 126 day (6 month) correlations can be considered short term, focusing on recent price movements.
Correlations are only calculated for actively traded funds. As of: 2017-01-13.

Exchange-traded funds are similar to index funds that trade like a single stock. Until the advent of the ETF, it was impossible to trade indexes this easily through an equity account. Most ETFs are relatively static in make-up, like the SPY or QQQQ index funds. Others, like some of the PowerShares funds, are dynamic and the holdings are changed routinely. ETFs have risks similar to stocks in that their value can rise or fall at the discretion of the marketplace. Some ETFs, like international funds and narrowly based indexes, have special risks that the investor should be aware of. However, used properly ETFs can provide an efficient and effective investment vehicle for achieving results that were near impossible for the typical investor to achieve prior to their development.

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